IDOX PLC AGM Trading Update (7345X)
24 February 2017 - 6:00PM
UK Regulatory
TIDMIDOX
RNS Number : 7345X
IDOX PLC
24 February 2017
24 February 2017
Idox plc
("Idox" or "the Group")
AGM Trading Update
Idox plc (AIM: IDOX), a leading supplier of information
management software solutions and services to the public sector, is
holding its Annual General Meeting later today. The Chairman,
Laurence Vaughan, will make the following remarks:
"Idox has made a strong start to the new financial year building
on the good performance and organic and acquisitive growth of 2016,
with trading for the current financial year in line with our
expectations. We are seeing a solid pipeline of opportunities and
are pleased to have recently secured significant contracts in
healthcare and transport and continuing wins across other
segments.
Earlier this month we launched our new Idox Health division,
which includes our most recent acquisition, 6PM, which completed on
31 January. This represents a significant opportunity to expand in
the healthcare market, in which Idox is delivering innovative
technology solutions that support the NHS to improve patient care
and deliver efficiencies. Encouragingly, Idox Health has recently
won contracts with two acute hospital trusts and has been awarded a
grant by NHS England to develop a product to improve hospital
efficiency and improve treatment outcomes for in-patients in acute
stroke care.
Further recent public sector wins include Cloud Amber, our
transport management solutions business, joining the Government's
Low Emission Freight and Logistics Trial. Cloud Amber will trial
its ground breaking smartphone application, Greenwave, in
Birmingham to encourage fleet drivers to drive more efficiently,
cutting emissions and improving air quality.
This level of activity combined with a current stable outlook in
all our markets combined with our strong revenue visibility, order
book and pipeline bodes well for the year as whole. Overall, the
outlook is encouraging and our expectations for the Group's
financial performance are unchanged."
For further information please contact:
Idox plc +44 (0) 870 333 7101
Laurence Vaughan, Chairman
Andrew Riley, Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson
Liz Yong
MHP (Financial PR) +44 (0) 20 3128 8100
Reg Hoare/Andrew Leach/Charlie Barker
About Idox plc
Idox plc is a supplier of specialist information management
solutions to the public sector and to highly regulated asset
intensive industries around the world in the wider corporate
sector.
Idox is the leading applications provider to UK local government
for core functions relating to land, people and property, such as
its market leading planning systems and election management
software. Over 90% of UK local authorities are now customers. Idox
provides public sector organisations with tools to manage
information and knowledge, documents, content, business processes
and workflow as well as connecting directly with the citizen via
the web, and providing elections management solutions. It also
supplies in the UK and internationally, decision support content
such as grants and planning policy information and corporates
compliance services. Idox delivers engineering document control,
project collaboration and facility management applications to many
leading companies in industries such as oil & gas, architecture
and construction, mining, utilities, pharmaceuticals and
transportation in North America and around the world.
The Group employs over 894 staff located in the UK, North
America, Europe, India and Australia.
For more information see www.idoxplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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